Changes in Hong Kong stocks | Pharmacist Gang (09885) opens more than 5% and plans to buy 100% of the issued and issued foreign share capital of a pharmaceutical for $1,035 billion

The Zhitong Finance App learned that Pharmacist Bang (09885) opened more than 5% higher. As of press release, it rose 5.43% to HK$7.76, with a turnover of HK$498,200.

According to the news, Pharmacist Help issued an announcement. On October 15, 2024 (after the trading session of the Stock Exchange), the company, seller, founder, target guarantors, Dade Hongyi and De Zhiqing entered into the agreement. Based on this, the seller agreed to sell and the company agreed to purchase shares for sale (which together account for 100% of the issued and issued foreign share capital of the target company Folding Space (Cayman) Ltd.), in accordance with the terms and conditions set out in the agreement, at a consideration of approximately RMB 1,035 million.

According to the announcement, the acquisition will help the Group achieve downstream customer synergy effects and upstream procurement synergy effects, thereby improving the efficiency of recycling systems and warehousing infrastructure.

According to reports, Yipai Pharmaceutical was founded in 2019 and is headquartered in Changsha. It focuses on providing medical and health products and services for downstream pharmacy chains, multi-body pharmacies, and single pharmacies. Its own pharmaceutical brands Yuandian, Antaibang, and Xinglintai cover various categories such as proprietary Chinese medicines, chemicals, and supplements. Currently, Yipuang Pharmaceutical has established strategic partnerships with more than 1,000 pharmaceutical companies to provide about 700 private brand SKUs for 3,000 downstream pharmacy chain headquarters and tens of thousands of multi-body and monomer pharmacies.